5, PINE CLOSE, HOLBEACH, SPALDING, PE12 7JR - £185,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 PINE CLOSE is a very small detached house of 74m², built sometime between 1991 and 1995, which could now be worth an estimated £172,327. It was last sold for £185,000 in October 2022, which was around 38% below the average October 2022 detached price in the South Holland local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

5 PINE CLOSE Sold Prices

Land registry data shows two sales for 5 PINE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Both of the two 5 PINE CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 31 OCT	£185,000	£298,635	38% below HPI
2005 13 MAY	£110,000	£169,767	35% below HPI

5 PINE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two 5 PINE CLOSE sales from May 2005 and October 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2005 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2022 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 5 PINE CLOSE be worth now?

5 PINE CLOSE might now be worth an estimated £172,327.

This is based on house price deflation of 6.9%, between October 2022 and February 2025, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.9% deflationary decrease is applied to the most recent sale price for 5 PINE CLOSE of £185,000 on 31st October 2022. For the value to have decreased from £185,000 to £172,327 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 PINE CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The October 2022 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PINE CLOSE has not materially changed since October 2022.

How Large is 5 PINE CLOSE?

5 PINE CLOSE is 74m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses houses in Holbeach, based on EPC data. The below chart shows the distribution of detached houses houses by size in Holbeach, and where 5 PINE CLOSE lies on this distribution: 15% of detached houses houses are smaller than 5 PINE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Holbeach.

5 PINE CLOSE: Plot and Title Map

5 PINE CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 5 PINE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 PINE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 PINE CLOSE?

5 PINE CLOSE is located in HOLBEACH, in the PE12 postcode district. The below map shows the position of No. 5 on PINE CLOSE.